Multi-family in Brighton, MA

[Faina Shapiro]

Investment Info:

Small multi-family (2-4 units) other investment in Boston.

Purchase price: $597,500
Cash invested: $200,000

One of Brighton's best locations! This charming and beautifully maintained Dutch Colonial style 2 family home has much to recommend it, spacious rooms, good ceiling height, handsome woodwork, separate systems, separate entrances, 2 car garage, hilltop & Boston views & wonderful proximity to shops and transportation.

What made you interested in investing in this type of deal?

Purchased to originally live in the property, and now have been renting out the property for the last 8 years.

How did you find this deal and how did you negotiate it?

Realtor

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

Renovated/updated to get top dollar for rent

What was the outcome?

House value has almost increased by double since purchased and rental income is the same.

Lessons learned? Challenges?

Challenges faced are due to hiring reliable lawn and snow removal.